Vail Resorts FY2025 net income rises to $280.0M; FY2026 forecast $201M-$276M
Vail Resorts reported fiscal 2025 net income of $280.0 million, up from $231.1 million, on total net revenue of $2,964.3 million, and gave fiscal 2026 guidance of $201 million to $276 million in net income. Season pass units through September 19, 2025 fell about 3%, and management said the results were below expectations, which bears on the company's ability to grow revenue.
- Fiscal 2025 Resort Reported EBITDA was $844.1 million, up from $825.1 million in fiscal 2024.
- Fiscal fourth-quarter Resort Reported EBITDA decreased 8% versus the prior year, driven mainly by $8 million of CEO transition costs.
- Fiscal 2026 guidance projects Resort Reported EBITDA of $842 million to $898 million.
- Quarterly dividend of $2.22 per share is payable October 27, 2025, and fiscal 2025 buybacks totaled $270 million.